Edison Investment Research - ICG-Longbow Snr Secured UK Property Debt Inv (LBOW) ICG-Longbow SSUP - Portfolio transition in progress

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Edison Investment Research

Pedro Fonseca

ICG-Longbow SSUP - Portfolio transition in progress

ICG-Longbow Senior Secured UK Property Debt Investments (LBOW) offers exposure to the UK real estate debt market through investments in senior secured whole loans. This year, LBOW has continued the evolution of its portfolio under the revised investment policy (adopted in 2017). This is now enabling LBOW to reinvest its funds in higher-yielding loans while maintaining an LTV at portfolio level well within the target range. After a slower than expected start, LBOWâ€™s deal activity recently picked up with two new deals closed so far this year on top of short-term extensions and/or repricing of several existing loans. The companyâ€™s encouraging investment pipeline allows it to more than absorb the cash from maturing loans.

27/08/2019 14 EN

Underlying

ICG-Longbow Snr Secured UK Property Debt Inv

ICG-Longbow Senior Secured UK Property Debt Investments is a closed-ended investment company engaged principally in investing in senior secured debt investment. Co. is focused on constructing a portfolio of U.K. real estate debt related investments predominantly comprising loans secured by first ranking fixed charges against commercial property investments. Co. makes investments in its portfolio through ICG-Longbow Senior Debt S.A., Co.'s wholly owned subsidiary.

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GG00B8C23S81 London Stock Exchange Guernsey

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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ICG-Longbow SSUP - Portfolio transition in progress

ICG Longbow Senior Secured UK Property Debt Investments Limited: 1 director bought

ICG-Longbow SSUP - Dividend cover restored

Checkit - New product launch and contract wins

abrdn Asian Income Fund - All looking good in terms of income and growth

Murray Income Trust - Delivering income and capital growth

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